A Primary Benefit of 401(k)plans Is That Payments Made by Employees

question 60

True/False

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax, so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

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Definitions:

Neurons

Specialized cells that transmit nerve impulses; the basic building blocks of the nervous system.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons.

Synapse

The junction between two neurons, where nerve impulses are transmitted from one neuron to another.

Endorphin

Neurotransmitters found in the brain that bind to opiate receptors and produce a feeling of pain relief and well-being.